Operational Reset
When a business is not performing as planned to know where you are on the Liquidity Chart is critical. Usually management thinks they are in a better position than actual. Understanding what to do a each point of criticality is vital. At HFCG a four step process is used.
Stabilize – Quickly halt the worst of the bleeding. Increase cash in, reduce cash out. Ensure the company has enough liquidity to operate during restructuring (invoice timely, reduce AR aging DSO, clean up the AP)
Transform – Develop & Execute a board-approved restructuring strategy. Aggressively mitigate complexity and focus operations on core, high-value activities like ETC and Capex. Support team efforts to regain competitiveness and restore profitability
Harvest – Execute all Levers for transactions, reduce billing times to client, aggressive billing, reduce the cost structure and reap immediate value. Adapt top-line strategy to optimize growth and earnings by driving new revenue streams. Communicate the restructuring gains to business teams and clients on a regular basis
Build – Put the company on path for growth